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El Salvador

EL SALVADOR: REGULATION LAW FOR ISOLATION, QUARANTINE, OBSERVATION, AND VIGILANCE DUE TO COVID-19

May, 2020

On May 5th, 2020, the Legislative Assembly agreed on a Regulation Law for isolation, quarantine, observation, and vigilance for COVID-19 placed by an initiative of the President of the Republic through the Ministry of Health.Due to the epidemiologic situation of COVID-19 to date multiple cases have...

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EL SALVADOR: APPROVAL TO OBTAIN ADDITIONAL $1000 MILLION DOLLARS TO ATTEND THE COVID-19 EMERGENCY

May, 2020

On May 5th the Legislative Assembly authorized the Executive branch to manage and allocate credit securities for up to $1 billion, in addition to the $2 billion for the COVID-19 emergency.This new debt package will serve to finance and launch an economic plan to rescue micro, small, and medium-sized...

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EL SALVADOR: SALVADORAN EMPLOYMENT PROTECTION LAW

May, 2020

On May 5th the Legislative Assembly by the initiative of the President of the Republic through the Ministry of Economy decreed the Salvadoran Employment Protection Law aimed to establish measures to mitigate the economic impact and its effect on Salvadoran employees caused by the Covid-19 pandemic a...

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EL SALVADOR: THE CONGRESS EXTENDS THE DEADLINE FOR THE FILING OF THE INCOME TAX STATEMENT AND THE PAYMENT OF THE INCOME TAX

April, 2020

On April 30, 2020, though the Legislative Decree No. 635 the Congress approved the granting of an extension for the filing and payment of the income tax for the tax year of two thousand and nineteen, which term expired on April 30, 2020.By virtue of such extension, the term for the filing of the sta...

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